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Press Release General Management

Valor Hospitality To Manage First Property in Saudi Arabia

Valor Hospitality Partners a leading global full-service hotel management company, is proud to announce the signing of its Lifestyle property in the Kingdom of Saudi Arabia, in the city of Abha, the capital of the Aseer region. The upscale Hijla Hotel, owned by Mr. Mohammed Manaa Almounis and Mr. Samir Muhammad Al Qahtani, and Kayan Almusanada company, in collaboration with the Tourism Development Fund (TDF), is slated to open its doors in the 2nd semester of 2025. This new venture represents a significant milestone for Valor Hospitality Partners to expand its portfolio in Saudi Arabia.

Valor Hospitality
Saudi Arabia
Press Release Markets & Performance

Saudi hospitality ADR and RevPAR rise in first half of 2024

In the second quarter of 2024, Saudi Arabia’s hospitality sector demonstrated robust growth, reflecting the Kingdom’s ongoing efforts to enhance its tourism and travel industry. According to the latest CBRE Middle East Real Estate Market Review, key performance indicators (KPIs) for all major hospitality markets in Saudi Arabia have surpassed pre-pandemic levels.

CBRE Hotels
Saudi Arabia
Press Release Development

IHCL Adding Two Taj Hotels In Bahrain

Indian Hotels Company (IHCL), India’s largest hospitality company, announced the signing of a luxury hotel and boutique resort in the Kingdom of Bahrain, both under its iconic Taj brand. These greenfield projects mark a significant milestone as IHCL becomes the first Indian hospitality company to establish a presence in the Kingdom of Bahrain, further cementing its footprint in the Middle East.

IHCL
Bahrain
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Press Release Development

HMH Achieves Impressive Expansion in KSA, Adding Over 1,000 Rooms

The Hospitality Management Holding (HMH), pioneer in the hotel management in the Middle East and North Africa, has taken the centre stage in the mega event of Arabian Travel Market (ATM) 2024 ongoing at the Dubai International and Convention Centre. The four-day show, kicked off on May 6 with over 2,000 exhibitors from more than 160 countries, is expected to see a huge footfall of not less than 50,000 global visitors.

HMH
Saudi Arabia
Press Release Development

Accor spearheads hospitality expansion throughout Saudi Arabia

The group is set to maintain and build on its leading position in The Kingdom, boasting over 25,000 rooms open and in the pipeline across a diverse range of brands from economy to lifestyle and luxury, including branded residences, the portfolio will be further enriched with the growth of its existing brands and the debut of new brands such as TRIBE ans Handwritten Collection.

Accor
Saudi Arabia
Press Release Markets & Performance

Ramadan and Eid al-Fitr a success for Dubai hotels

Dubai’s hotel occupancy and average daily rate (ADR) reached elevated levels during Ramadan and Eid al-Fitr, according to recent data from CoStar. CoStar is a leading provider of online real estate marketplaces, information and analytics in the property markets.RamadanDuring Ramadan (11 March - 9 April), Dubai saw its highest daily occupancy levels on Friday, 29 March (at 78.9%), which coincided with the Easter holiday weekend. The market’s ADR levels peaked on Saturday, 30 March, at AED901.25.

CoStar
Dubai, United Arab Emirates